The pursuit of High Court litigation against Royal Bank of Scotland and NatWest by a not-for-profit organisation is just one example of the growth in the importance of ‘no win, no fee’ agreements for SME and not-for-profit claimants following the implementation of the Legal Aid, Sentencing and Punishment of Offenders Act 2012.
Wenta, a not-for-profit organisation that provides support to fledgling businesses, is suing NatWest and RBS over their alleged mis-selling of a complex interest rate hedging product in April 2009. The defendant banks have denied any liability, and the claim is listed for trial in the High Court in October 2017.
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